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GMAC Commercial Mortgage to Offer Sprint

    HORSHAM, Pa., June 10 /PRNewswire/ -- GMAC Commercial Mortgage Corporation
(GMACCM) announced that Sprint's long distance services would be offered to
apartment residents nationwide through a unique program available through
GMACCM's Tenant Services Division.  The program, GMAC Resident's
Advantage(SM), offers apartment residents an opportunity to buy a variety of
products and services through their property's rental office.
    "Sprint is one of the premier long distance providers in the United States
and we are very pleased to add their communication services into the product
mix," announced John Cerciello, vice president of marketing, Tenant Services
Division, GMACCM.  "The ability to offer long distance service, in particular,
to residents at the time they lease their apartment provides a degree of
customer service that distinguishes GMAC Resident's Advantage properties from
the competition."
    "This program is a convenient method to offer Sprint's communication
services to apartment residents.  Giving customers an easy way to order the
services they need through the GMAC Resident's Advantage program helps
simplify a busy move," said Stephen Fletcher market manager in Sprint's
Consumer Services Group.
    Created by Tenant Services, a division of GMACCM and launched in September
1997, GMAC Resident's Advantage is the first program of its kind in the real
estate industry to provide apartment residents easy access to national,
regional and local products.  In addition to long distance, these products
include local phone service with the regional Bell operating companies,
cellular, Internet access, renter's insurance, auto insurance, tax
preparation, moving, self-storage, truck rental, professional moving services,
furniture rental, in addition to home delivery of bottled water and local and
national newspapers.
    Sprint (NYSE: FON) is a global communications company -- at the forefront
in integrating long distance, local and wireless communications services, and
one of the world's largest carriers of Internet traffic. Sprint built and
operates the United States' only nationwide all-digital, fiber optic network
and is the leader in advanced data communications services.  Sprint has
$15 billion in annual revenues and serves more than 16 million business and
residential customers.
    The Tenant Services Division of GMACCM develops customized programs for
building owners, designed to provide ancillary income, enhance property value,
and attract and retain residents.  GMACCM is the nation's leading one-stop
financial resource in the commercial mortgage banking industry.  The diverse
lending and servicing specialist has more than 40 nationwide offices.  GMACCM
has a servicing portfolio of over $45 billion, and provides a variety of
products and resources including long-term, interim, and construction
financing.
    News releases and other information about GMACCM and its products and
services are available at http://www.gmaccm.com on the Internet.
   For GMACCM press releases by fax, call 800-758-5804, ext. 122720.


SOURCE GMAC Commercial Mortgage Corporation




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Related links:
  • http://www.gmaccm.com
    CONTACT:
    Marion Guthrie of GMACCM-Tenant Services
    Division, 215-328-1428, or e-mail, MGuthrie@GMACTS.com, or
    Catherine Goodson of Sprint, 913-624-5090, or e-mail,
    catherine.goodson@mail.sprint.com